SBA Hot Topic Tuesday — Small Business Loan Demand Rising says SBANovember 5, 2024By Bob Coleman, Founder & Publisher From SBA’s Office of Advocacy October 2024 report Small business credit conditions remain tight following COVID-19.  Borrowing conditions changed as rising interest rates increased costs for small businesses reliant on banks for their funding needs. Commercial…

SBA has released the SBA SOP 50 57 3.1 for servicing and liquidation SBA loans effective December 1, 2024 and is now available on Amazon for $39.95 with free shipping! Order hardcover on Amazon here Ordering an SOP hardcover manual sounds a bit old school, right? But there are some cool perks to consider: So,…

November 1, 2024 Delaney SextonContributing Editor Cattle Farmer Sentenced to Over 15 Years for Stealing Cattle and SBA Disaster Funds – Fraud Friday After a series of crimes since 2018, Michael Wayne Butikofer’s criminal activity finally came to an end when a judge handed down a prison sentence of 15 years and 8 months. He…

SBA 7(a) Small Dollar Lending Increases 33% From SBA’s 2024 Capital Report . . .  The most dramatic trend in SBA capital programs was the accelerating growth in smallest 7(a) loans backed by SBA. In FY 2024, SBA backed over 38,000 7(a) loans under $150,000, for a total of $2.7 billion. Those totals reflect a…

SBA Hot Topic Tuesday — SBA’s SOP 5057 3.1 Information NoticeOctober 29, 2024By Bob Coleman The SBA has made a number of technical corrections to the SOP 5057 3.1 version, effective December 1, 2024. This notice is reprinted in its entirety. Today, Lance Sexton is hosting a webinar on the changes. Registration is open until…